St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-04-07
YESTERDAYS MARKET.
On the Chicago Board of Trade There
Was Bullish Temper in All
the Pits.
Industrious Shorts Attempt to Trace
May Wheat to the Alleged
Clique Houses,
And Find That Four Firms Alone
Are Now Holding About co.
OOo,00O Bushels.
Transactions in the Financial Circles
OF Wall street. eneral Quo
tationS.
Special to the Globe.

Spccl;ll 10 ttle 0iODe.
CHICAGO, April 6.--There was little bull
ish temper i'll all the pits to-day. 1t was
caused largely by the steadiness with which
the very large receipts of corn were taken.
1t is undoubtedly true that the bull side of
this grain mas been the popular one and that
there WAS good deal of buying at the open
ing on the very fact that the receipts were
large. Indeed the argument is often heard
that ii the price can hold up under car lots of
400 to LOCO, it can advance under smaller
ones. The smaller receipts. of course, are
yet to be realized Then it is forgotten by the
crowd that there is the Size difference be-
tween April and May, not because the neceS-
sites VIII be any greater i'll May than in
April but because OF the tolls which the holder
OF the cash will then have to pay
the elevator owner. A lot of industrious
shorts started out recently to trace wheat to
the so-called clique houses 10 settle, if posi-
bic, how much they had bought for May. The
inquiry. OF course, was not thorough. 1t
could not be- hut Is, coo bushels of May
options were traced back TO
THE FOUR CLIQUE FIRMS
Irwin, Green & Co., Field, Lndley & Co.,
George {. Walker X Co. and Rosenfeld & Co.
To the l3,000,000 bushels the investigators
added 1000 900 bushels and then declared that
they knew when the manipulators had 90
O00, 000 bushels of wheat long for May de-
livery. The inquiry WAS not worth anything
Tor Il variety Oh reasons. NO attempt was
made to see how much wheat went out from
the Clique 10 other houses; besides any in
quiry of this sort would not get StraIghtfor-
ward replies The point given out ut the be-
ginning of the week was that May wheat would
touch SIC and then go up out OF sight. The low
point was touched all right and now it re-
mains to be seen whether the latter and more
sensational part OF the prophecy is verified.
There We're bull influences ar work over
night Yesterday at New York big export
business was done, 80 loads OF wheat being
taken. The dry spell has not been broken,
neither was the cold wave very much affected.
1t is still pretty nearly freezing all along
above the parallel OF Chicago. There was no
relief to the draft at San Francisco. Besides
the amount OF wheat in passage both to the
United Kingdom and the continent showed
decrease of over ]. 900. 900 bushels, notwith-
standing 1.665.10G bushels was put afoat
from the Atlantic ports of this country alone.
THE ROUTINE REPORT.
CHICAGO, April 6.-There was more anima-
ton in wheat speculation to-day. The out
side buying orders were more numerous and
the bull" clique was again buying lively
The cable advices quoted quiet and steady
markets, but the weather In the West and
Southwest was reported as dry and unfavor-
able for the growing wheat. The California
market was also reported to be strong, and
there was Il decrease of 1,0G0,0 900 bushels of
wheat on ocean passage. The offerings were
Regarding the situation. began to cover
freely. The market opened OF S23sc for May,
advanced steadily to S3}sc, receded 70 S3c
but rallied and closed for the da at S315c, or
11Sc higher than the closing figures on Mon
day. Corn was fairly active and frmer,
prices advancing 3E@1$c, and closing at
nearly outside figures. the advance in corn
and wheat had = Stimula iug effect on oats,
and under good demand from Shorts
prices advanced 5s@34c, and closed at top
figures. The market closed steady. Mess
pork was lightly dealt i'll and unchanged,
cash lots of irregular selling at $50. !5Q21, old
winter packed at S14114.50. and new summer
packed ut Sl6.50@17. Lard and short ribs
closed shade easier.
THE QUOTATIONS.
Wheat-No. ., April, opened at re, clos
ing at 1S14c; May. s2$sc. closing at S315c:
June sic, closing at Sl5sc: July, S0aSc, clos
ing III S05sc. COrn-No. 3 April. 81 &c, closing
at 3+5sc: May, 3914 closing at 3934 c.; June,
40a4c, closing at 4Oa4c: Jub, 413sc, closing at
421sc. Oats-No. = April 241sc, closing at
2414c; May, 2ossc, closing at2914@29asc; June,
29c, closing AT 293sc Mess pork, per barrel
April, $40. - closing at S,0.75; May, ST., clos
ing at S21 June, s2I. closing at 81. Lard, per
100 pounds-April, SI.271a. closing at 1922 %;
May, Si.35, closing at ST.30; June. S7.40; clos
ing at S7.31R. Short ribs per 100 pounds
April, SIS. 05, closing Ill $3.50; May. $S.15
closing at SIS. Is; June. SS.221a closing at $500
Cash quotations were as follows:
Flour steady and unchanged. Whear-No. 2
spring. 7S4@SlAc; No. 3 spring, i3h; No.
2 red, S01I6DSlc. Corn--No.2 .. 345a613S33sc. Oats
No. >, 24@24l4c. Rye-No. 2, SIZE. Barley
--No.2, Size. Flax Seed-No. 1, Sl.O61a. Tim
othySeed-Prime, Sl.60@1.6l Mess pork. per
Dbl, $2O.5oG2O.75. Lard, per 100 lbs S77.2222115@
7.25. Short ribs sides, loose, SS@8.05; dry
sailed shoulders, boxed, S6.1006.25; short
clear sides, boxed, SS.50@8.55. Whisky,
distiilers' finished goods, per gal, Sl.l8.
sugar-Cut leaf. 614@63sc; granuateG, 6Hc;
standard a, $3.50. Receipts-Flour, 81, 900
bbls; wheat, 1900 bu; corn, 223, O0e bu: oats,
1000 bu; rye, 2000 bu; barley, $4,000 bu.
Shipments-Flour, 5,000 bbls: wheat, 49, 900
bu; corn, 7l,G00 blu: oats. 1874, 900 bu: rye,
1860 bu barley, $4,000 blu. On the pro-
duce exchange to-day the butter market
ruled easier; creamery, 23@2Sc per 10; dairy,
z21a@26c. Eggs, 1214@l3c per doz.